The business of buying broken down cars to resell.

[Niyi Briggs]

This is a highly lucrative business. It needs a good level of capital to start. You need a good smartphone to post pics of your cars on social media.

 

[Shortie]

If you have the funds to set up a business like this and be able to buy broken cars, have them fixed up, and be able to resell them it's definitely a good business to be in. So many people are always looking for another car and usually do not want to have to buy one brand new but would rather go for one that is used but in a good condition. With me not having any knowledge in cars though this wouldn't be a business venture I would be able to work on but for anyone that does, it's perfect if they have the start-up funds.

 

[Passiveearner]

This is a highly lucrative business. It needs a good level of capital to start. You need a good smartphone to post pics of your cars on social media.

Such kind of business is usually conducted by many scarp buyers who buy scrap material in order to resell it.

 

[hastral45]

It is a good business. Many people are making fortunes in this kind of businesses. But be careful of not falling into bankruptcy.

 

[Raja]

No doubt it's a lucrative job and this way you can make a future out of this business.

 

[Imran Noori]

This is a highly lucrative business. It needs a good level of capital to start. You need a good smartphone to post pics of your cars on social media.

It can be profitable when you buy them, repair them then sell them.

 

[Niyi Briggs]

It can be profitable when you buy them, repair them then sell them.

That's it. The only thing is that you need to have a trustworthy mechanic that knows what he is doing and would be able be repairing all your broken down cars for business.

 

[IB D]

I know someone that does this business the best thing about this business is that you fix your price by yourself.

 

[Shavkat]

For those people who are into car repair shop, it is a good business for them to buy and sell these used cars' parts.

 

[relcap23]

This business is limited to those who has the skill about cars. One must not only have the required capital money for the purchase of old cars, he must know something about auto mobile and preferably must be an auto mechanic.

 

[uptrendfinancialsignal]

I have a friend who does this type of business and it is a very lucrative business and you can try out because they would buy a spoilt car and go to melt it.

 

[Reedex]

There are a number of people that are buying broken-down cars and they're selling it to make huge profits which is reasonably one of the best ways to make money .

 

[uptrendfinancialsignal]

Selling a broken or dilapidated cars are very profitable.

 

[Bisolami]

This is a highly lucrative business. It needs a good level of capital to start. You need a good smartphone to post pics of your cars on social media.

Thwre are lots of places in Lagos state where you can venture into this business. They can sell the part too.

 

[flower]

It is one of the most lucrative investment that you would want to try because you can make multiple of the amount of money you have used in investing in this type of business.

 

[Niyi Briggs]

The deal is that after those cars have been repaired and fixed, no one knows that it was those cars that were broken down. And you can fix the price anyhow you want it. It is a lucrative business.

 

[IB D]

The business is highly profitable. You buy those cars at about 200k, repair them with about 200k and sell them at about a million. That's about 600k as profit. Cool business.

 

[Stardom22]

As of me I don't consider this business as more profitable. The starting capital needed is very high with this business and the returns for the business is likely to be very slow.

 

[eldavis]

This is a good business though, there are lots of persons who are making money form this, some of them buy these old cars and sell them as scrap or they repair them and resell them.

 

[Niyi Briggs]

The caveat to this business is that you must have great knowledge on cars accross different models and brands. It would help you from exploitation by mechanics.